Singapore, 3 April 2013 - The trusted petrochemicals market intelligence provider, ICIS, launches the first of a new suite of price forecast reports. Covering the volatile European polypropylene (PP) markets, the 12-month price forecast report is a valuable tool for industry players looking ahead.
PP markets in Europe have proved volatile throughout 2012 and into 2013, a trend analysts expect to continue. High oil and raw material prices, coupled with weak demand from Europe, have made trading conditions difficult. The added supply-side pressures caused by volatile feedstock prices have compounded the problems faced by traders, producers and buyers of PP and related products.
The new Polypropylene (PP) Europe price forecast report reduces uncertainty when setting contract prices, importing, budgeting or trading PP as it gives an informed view on where prices are heading over the next 12 months. The concise report format contains a wealth of information on forecasted prices for PP and its raw materials as well as data on margins, capacity, supply and demand. The data tables and graphs can be reviewed at a glance as well as facilitate fast and effective decisions.
An assessment of how the market is feeling about prices is included. The ICIS ‘Sentiment Index’ uses views collated from a broad cross-section of PP market players and shows whether the market expects prices to be higher or lower next month and in three months’ time.
“At a time when markets remain volatile, this new price forecast report is designed to help PP players make more confident decisions in the short and midterm. Knowing which way the market is heading, including having an insight into upstream activity, makes a real difference in today’s increasingly uncertain world.” commented Ian Elway, ICIS Product Director.
Our ICIS Consulting group will be launching additional PP price forecast reports for the US and Asia shortly.